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NP down 10%
PCBL Chemical
30-Apr-2025, 07:12
Net sales (including other operating income) of PCBL Chemical has increased 8.23% to Rs 2087.49 crore. Sales of Carbon Black segment has gone up 1.30% to Rs 1,667.44 crore (accounting for 78.78% of total sales). Sales of Power segment has gone up 4.94% to Rs 74.19 crore (accounting for 3.51% of total sales). Sales of Chemical segment rose 56.87% to Rs 375.02 crore (accounting for 17.72% of total sales). Inter-segment sales rose Rs 27.03 crore to Rs 29.16 crore. Profit before interest, tax and other unallocable items (PBIT) has slumped 6.95% to Rs 277.67 crore. PBIT of Carbon Black segment fell 17.12% to Rs 215.03 crore (accounting for 77.44% of total PBIT). PBIT of Power segment fell 7.98% to Rs 43.34 crore (accounting for 15.61% of total PBIT). PBIT of Chemical reported profit of Rs 19.40 crore compared to loss of Rs 8.15 crore. PBIT margin of Carbon Black segment fell from 15.76% to 12.90%. PBIT margin of Power segment fell from 66.62% to 58.42%. PBIT margin of Chemical segment rose from negative 3.41% to 5.17%. Overall PBIT margin fell from 15.26% to 13.12%. Operating profit margin has declined from 16.05% to 14.26%, leading to 3.83% decline in operating profit to Rs 297.66 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 68.15% to 70.37%. Purchase of finished goods cost fell from 0.09% to 0.06%. Employee cost increased from 4.21% to 5.29%. Other expenses fell from 11.46% to 9.87%. Other income fell 14.78% to Rs 19.77 crore. PBIDT fell 4.59% to Rs 317.43 crore. Provision for interest fell 4.65% to Rs 103.16 crore. Loan funds rose to Rs 5,571.33 crore as of 31 March 2025 from Rs 4,983.10 crore as of 31 March 2024. Inventories rose to Rs 1,268.15 crore as of 31 March 2025 from Rs 999.31 crore as of 31 March 2024. Sundry debtors were higher at Rs 1,793.74 crore as of 31 March 2025 compared to Rs 1,710.24 crore as of 31 March 2024. Cash and bank balance rose to Rs 389.16 crore as of 31 March 2025 from Rs 384.80 crore as of 31 March 2024. Investments rose to Rs 516.11 crore as of 31 March 2025 from Rs 433.02 crore as of 31 March 2024 . PBDT fell 4.57% to Rs 214.27 crore. Provision for depreciation rose 17.22% to Rs 88.14 crore. Fixed assets increased to Rs 6,719.73 crore as of 31 March 2025 from Rs 6,163.91 crore as of 31 March 2024. Intangible assets declined from Rs 1,161.37 crore to Rs 606.76 crore. Profit before tax down 15.54% to Rs 126.13 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 25.94 crore, compared to Rs 38.38 crore. Effective tax rate was 20.57% compared to 25.70%. Net profit attributable to owners of the company decreased 9.98% to Rs 100.16 crore. Equity capital stood at Rs 37.75 crore as of 31 March 2025 to Rs 37.75 crore as of 31 March 2024. Per share face Value remained same at Rs 1.00. Promoters' stake was 51.41% as of 31 March 2025 compared to 51.41% as of 31 March 2024.
Net sales (including other operating income) of PCBL Chemical has increased 8.23% to Rs 2087.49 crore. Sales of Carbon Black segment has gone up 1.30% to Rs 1,667.44 crore (accounting for 78.78% of total sales). Sales of Power segment has gone up 4.94% to Rs 74.19 crore (accounting for 3.51% of total sales). Sales of Chemical segment rose 56.87% to Rs 375.02 crore (accounting for 17.72% of total sales). Inter-segment sales rose Rs 27.03 crore to Rs 29.16 crore. Profit before interest, tax and other unallocable items (PBIT) has slumped 6.95% to Rs 277.67 crore. PBIT of Carbon Black segment fell 17.12% to Rs 215.03 crore (accounting for 77.44% of total PBIT). PBIT of Power segment fell 7.98% to Rs 43.34 crore (accounting for 15.61% of total PBIT). PBIT of Chemical reported profit of Rs 19.40 crore compared to loss of Rs 8.15 crore. PBIT margin of Carbon Black segment fell from 15.76% to 12.90%. PBIT margin of Power segment fell from 66.62% to 58.42%. PBIT margin of Chemical segment rose from negative 3.41% to 5.17%. Overall PBIT margin fell from 15.26% to 13.12%. Operating profit margin has declined from 16.05% to 14.26%, leading to 3.83% decline in operating profit to Rs 297.66 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 68.15% to 70.37%. Purchase of finished goods cost fell from 0.09% to 0.06%. Employee cost increased from 4.21% to 5.29%. Other expenses fell from 11.46% to 9.87%. Other income fell 14.78% to Rs 19.77 crore. PBIDT fell 4.59% to Rs 317.43 crore. Provision for interest fell 4.65% to Rs 103.16 crore. Loan funds rose to Rs 5,571.33 crore as of 31 March 2025 from Rs 4,983.10 crore as of 31 March 2024. Inventories rose to Rs 1,268.15 crore as of 31 March 2025 from Rs 999.31 crore as of 31 March 2024. Sundry debtors were higher at Rs 1,793.74 crore as of 31 March 2025 compared to Rs 1,710.24 crore as of 31 March 2024. Cash and bank balance rose to Rs 389.16 crore as of 31 March 2025 from Rs 384.80 crore as of 31 March 2024. Investments rose to Rs 516.11 crore as of 31 March 2025 from Rs 433.02 crore as of 31 March 2024 . PBDT fell 4.57% to Rs 214.27 crore. Provision for depreciation rose 17.22% to Rs 88.14 crore. Fixed assets increased to Rs 6,719.73 crore as of 31 March 2025 from Rs 6,163.91 crore as of 31 March 2024. Intangible assets declined from Rs 1,161.37 crore to Rs 606.76 crore. Profit before tax down 15.54% to Rs 126.13 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 25.94 crore, compared to Rs 38.38 crore. Effective tax rate was 20.57% compared to 25.70%. Net profit attributable to owners of the company decreased 9.98% to Rs 100.16 crore. Equity capital stood at Rs 37.75 crore as of 31 March 2025 to Rs 37.75 crore as of 31 March 2024. Per share face Value remained same at Rs 1.00. Promoters' stake was 51.41% as of 31 March 2025 compared to 51.41% as of 31 March 2024.
Full year results analysis
Net sales (including other operating income) of PCBL Chemical has increased 30.91% to Rs 8404.25 crore. Sales of Carbon Black segment has gone up 13.13% to Rs 6,802.34 crore (accounting for 79.81% of total sales). Sales of Power segment has gone up 17.16% to Rs 301.04 crore (accounting for 3.53% of total sales). Sales of Chemical segment rose 493.89% to Rs 1,419.81 crore (accounting for 16.66% of total sales). Inter-segment sales rose Rs 89.08 crore to Rs 118.94 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 21.64% to Rs 1,293.76 crore. PBIT of Carbon Black segment rose 14.61% to Rs 1,042.35 crore (accounting for 80.57% of total PBIT). PBIT of Power segment rose 14.60% to Rs 185.94 crore (accounting for 14.37% of total PBIT). PBIT of Chemical reported profit of Rs 65.59 crore compared to loss of Rs 8.15 crore. PBIT margin of Carbon Black segment rose from 15.13% to 15.32%. PBIT margin of Power segment fell from 63.14% to 61.77%. PBIT margin of Chemical segment rose from negative 3.41% to 4.62%. Overall PBIT margin fell from 16.34% to 15.18%. Operating profit margin has declined from 16.16% to 15.91%, leading to 28.87% rise in operating profit to Rs 1,336.78 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 69.86% to 69.08%. Purchase of finished goods cost rose from 0.03% to 0.20%. Employee cost increased from 3.86% to 4.89%. Other expenses fell from 10.27% to 10.00%. Other income rose 27.98% to Rs 47.39 crore. PBIDT rose 28.84% to Rs 1384.17 crore. Provision for interest rose 154.96% to Rs 460.91 crore. Loan funds rose to Rs 5,571.33 crore as of 31 March 2025 from Rs 4,983.10 crore as of 31 March 2024. Inventories rose to Rs 1,268.15 crore as of 31 March 2025 from Rs 999.31 crore as of 31 March 2024. Sundry debtors were higher at Rs 1,793.74 crore as of 31 March 2025 compared to Rs 1,710.24 crore as of 31 March 2024. Cash and bank balance rose to Rs 389.16 crore as of 31 March 2025 from Rs 384.80 crore as of 31 March 2024. Investments rose to Rs 516.11 crore as of 31 March 2025 from Rs 433.02 crore as of 31 March 2024 . PBDT rose 3.32% to Rs 923.26 crore. Provision for depreciation rose 59.11% to Rs 345.68 crore. Fixed assets increased to Rs 6,719.73 crore as of 31 March 2025 from Rs 6,163.91 crore as of 31 March 2024. Intangible assets declined from Rs 1,161.37 crore to Rs 606.76 crore. Profit before tax down 14.60% to Rs 577.58 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 142.39 crore, compared to Rs 185.22 crore. Effective tax rate was 24.68% compared to 27.39%. Minority interest decreased 58.82% to Rs 0.07 crore. Net profit attributable to owners of the company decreased 11.48% to Rs 434.60 crore. Equity capital stood at Rs 37.75 crore as of 31 March 2025 to Rs 37.75 crore as of 31 March 2024. Per share face Value remained same at Rs 1.00. Promoters' stake was 51.41% as of 31 March 2025 ,compared to 51.41% as of 31 March 2024 . Cash flow from operating activities decreased to Rs 760.49 crore for year ended March 2025 from Rs 1,105.40 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 773.82 crore, compared to Rs 535.75 crore during the year ended March 2024. . The scrip trades at Rs 369| PCBL : Consolidated Results | ||||||
| Particulars | 2503 (03) | 2403 (03) | Var.(%) | 2503 (12) | 2403 (12) | Var.(%) |
| Net Sales | 2,087.49 | 1,928.78 | 8 | 8,404.25 | 6,419.77 | 31 |
| OPM (%) | 14.3 | 16.1 | 15.9 | 16.2 | ||
| OP | 297.66 | 309.51 | -4 | 1,336.78 | 1,037.34 | 29 |
| Other Inc. | 19.77 | 23.2 | -15 | 47.39 | 37.03 | 28 |
| PBIDT | 317.43 | 332.71 | -5 | 1,384.17 | 1,074.37 | 29 |
| Interest | 103.16 | 108.19 | -5 | 460.91 | 180.78 | 155 |
| PBDT | 214.27 | 224.52 | -5 | 923.26 | 893.59 | 3 |
| Depreciation | 88.14 | 75.19 | 17 | 345.68 | 217.26 | 59 |
| PBT | 126.13 | 149.33 | -16 | 577.58 | 676.33 | -15 |
| Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - |
| PBT before EO | 126.13 | 149.33 | -16 | 577.58 | 676.33 | -15 |
| EO Income | 0 | 0 | - | -0.52 | 0 | - |
| PBT after EO | 126.13 | 149.33 | -16 | 577.06 | 676.33 | -15 |
| Taxation | 25.94 | 38.38 | -32 | 142.39 | 185.22 | -23 |
| PAT | 100.19 | 110.95 | -10 | 434.67 | 491.11 | -11 |
| Minority Interest (MI) | 0.03 | -0.31 | PL | 0.07 | 0.17 | -59 |
| Net profit | 100.16 | 111.26 | -10 | 434.6 | 490.94 | -11 |
| EPS (Rs)* | # | # | 11.5 | 13.0 | ||
| Notes | ||||||
| * EPS is on current equity of Rs 37.75 crore, Face value of Rs 1, Excluding extraordinary items. | ||||||
| # EPS is not annualised | ||||||
| bps : Basis points | ||||||
| EO : Extraordinary items | ||||||
| Figures in Rs crore | ||||||
| Source: Capitaline Corporate Database | ||||||
| PCBL Chemical : Consolidated Segment Results | ||||||||
|
| % of (Total) | 2503 (03) | 2403 (03) | Var.(%) | % of (Total) | 2503 (12) | 2403 (12) | Var.(%) |
| Sales | ||||||||
| Carbon Black | 79 | 1,667.44 | 1,646.04 | 1 | 80 | 6,802.34 | 6,012.83 | 13 |
| Power | 4 | 74.19 | 70.7 | 5 | 4 | 301.04 | 256.95 | 17 |
| Chemical | 18 | 375.02 | 239.07 | 57 | 17 | 1,419.81 | 239.07 | 494 |
| Battery Chemical | 0 | 0 | 0 | - | ||||
| Total Reported Sales | 100 | 2,116.65 | 1,955.81 | 8 | 100 | 8,523.19 | 6,508.85 | 31 |
| Less: Inter segment revenues | 29.16 | 27.03 | 8 | 118.94 | 89.08 | 34 | ||
| Net Sales | 2,087.49 | 1,928.78 | 8 | 8,404.25 | 6,419.77 | 31 | ||
| PBIT | ||||||||
| Carbon Black | 77 | 215.03 | 259.46 | -17 | 81 | 1,042.35 | 909.46 | 15 |
| Power | 16 | 43.34 | 47.1 | -8 | 14 | 185.94 | 162.25 | 15 |
| Chemical | 7 | 19.4 | -8.15 | LP | 5 | 65.59 | -8.15 | LP |
| Battery Chemical | 0 | -0.1 | 0 | - | ||||
| Total PBIT | 100 | 277.67 | 298.41 | -7 | 100 | 1,293.76 | 1,063.56 | 22 |
| Less : Interest | 103.16 | 108.19 | -5 | 460.91 | 180.78 | 155 | ||
| Add: Other un-allcoable | -48.38 | -40.89 | -18 | -255.27 | -206.45 | -24 | ||
| PBT | 126.13 | 149.33 | -16 | 577.58 | 676.33 | -15 | ||
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